Richard Wilkins makes huge profit on Mosman home
<p dir="ltr">Richard Wilkins has offloaded his second investment property in Mosman for $925,000 - nearly $100,000 more than the auction guide.</p>
<p dir="ltr">The two-bedroom apartment, set on the ground floor of the boutique ‘Tremaine’ building and overlooking the garden, went to auction with a price guide of $850,000 in late July.</p>
<p><span id="docs-internal-guid-a880b50d-7fff-f488-f073-33618f75cfb9">Boasting a newly-updated kitchen, views of the garden, and natural light that filters through the north-facing balcony into the combined living and dining room, the 95.3-square-metre apartment is also in a prime location, just 200 metres away from the vibrant Mosman village, and 800 metres from Balmoral Beach. according to <a href="https://www.realestate.com.au/sold/property-apartment-nsw-mosman-139694615" target="_blank" rel="noopener">the listing</a>.</span></p>
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<p dir="ltr">Tremaine, a tightly-held building, has only seen two sales in the past seven years prior to Wilkins’, with two apartments fetching $820,000 and $900,000 in 2020.</p>
<p dir="ltr">The sale also marks Wilkins’ exit from the area, after the <em>Today Show</em> host sold another apartment earlier this year for $1.01 million, which its new owner listed for rent at $650 a week.</p>
<p dir="ltr">With his Mosman properties sold off, Wilkins’ remaining portfolio includes two investment properties in Cremorne - which he spent $530,000 and $664,000 on in 2013 - as well as his longtime home, which he bought in 2004 for just over $2 million.</p>
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<p dir="ltr"><em>Image: @richardwilkins (Instagram), realestate.com.au</em></p>